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In a recent forecast by Goldman Sachs Group Inc., the naira, Nigeria’s currency, is anticipated to strengthen significantly, potentially trading below ₦1,000 to the dollar in...
The Nigeria Customs Service (NCS) has revised the foreign exchange (FX) rate applicable to customs duties, a significant move that aligns with the Central Bank of...
The Nigerian currency, the naira, witnessed a significant appreciation in the parallel foreign exchange (FX) market, reaching ₦1,120 to the dollar on Monday. This rate reflects...
The Central Bank of Nigeria (CBN) and other banking institutions have significantly bolstered the foreign exchange market by injecting an additional $2.5 billion over the past...
A chieftain of the All Progressives Congress (APC), Yekini Nabena, has accused the administration of President Bola Tinubu’s government of deliberately pushing the dollar to ₦2000...
As the Nigerian naira experiences an upturn against the dollar, economists have indicated that the positive effects on the country’s commodity prices might not be immediate....
The Nigerian naira continued its upward trajectory against the United States dollar, closing at 1,382/$ in the official market on Thursday, marking a significant ₦18 gain....
The naira has shown signs of strengthening in the official foreign exchange (FX) market, currently quoted at ₦1,560.57 to the dollar. This improvement reflects a 0.79...
The Nigerian currency, the naira, witnessed a notable appreciation against the US dollar in both the parallel and official sections of the foreign exchange (FX) market...
The Nigerian Naira saw a depreciation in value against the dollar at the parallel section of the foreign exchange market on Monday, sliding to ₦1,620/$, a...
In a surprising turn of events, the Nigerian Naira witnessed a significant depreciation at the parallel section of the foreign exchange market on Friday, reversing its...
In an aggressive move to stabilize the naira against the dollar, the Central Bank of Nigeria (CBN) has injected over $300 million into Deposit Money Banks...
At the parallel section of the foreign exchange market, the naira, on Monday, appreciated further to ₦1,650 per dollar. Naija News learnt that Naira appreciated by...
In a significant move to stabilize Nigeria’s foreign exchange market, National Security Adviser, Nuhu Ribadu has issued directives to key security and financial enforcement agencies to...
The Nigeria Autonomous Foreign Exchange Market (NAFEM) experienced a significant decrease in dollar sales on Friday, with transactions dropping by $252 million to $84.1 million, marking...
In a slight upturn at the Nigerian Autonomous Foreign Exchange Market, the naira appreciated against the United States dollar, closing at ₦1,498.25/$ on Thursday, up from...
Nigeria’s currency, the Naira, has recorded a new low value against the US Dollar at the parallel market. Reports obtained by Naija News showed that the...
The Nigerian Autonomous Foreign Exchange Market (NAFEM) experienced a sharp decline in forex transactions, with the total value falling from $465.29 million on Tuesday to $203.93...
The Nigerian currency, the naira, experienced a notable depreciation at the parallel market on Wednesday, falling to ₦1,500 against the dollar, a 3.45 percent decrease from...
Revaluing a national currency and restoring its value involves a complex mix of monetary policy, fiscal adjustments, and sometimes structural reforms. Nigeria is currently battling with...
